Jhunjhunwala had 6th sense about finding stock bargains: Raamdeo Agrawal

NEW DELHI: Describing the late ‘Big Bull’ as a “yaaron ka yaar” (friends of friends), veteran investor Raamdeo Agrawal today said Rakesh Jhunjhunwala had a sixth sense of how to find bargains in the stock market.

“Rakesh-Yaron ka yar, deshbhakt, philanthropist. Man with 6th sense about stock bargains, terrific sense of humour, always planning the next big party,” Agrawal, chairman and co-founder of Motilal Oswal group, tweeted.

He said he will miss his ‘Teji Le phataphat (buy the momentum quickly) & ‘bangdi’ bech ke share kharido’ (buying stocks by selling even bangles) attitude. “You will always live in peoples’ hearts.”



The ace trader-cum-investor had once said that he would even sell his wife's bangles to buy stocks that were trading really cheap.

"Great Eastern was available at 12% yield, at half book value and one-third fleet value at 12% yield. Standard Chartered would give you money at 9%. I would sell my wife’s bangles and buy a Great Eastern. So there have been occasions when markets give you extreme opportunities," he had once said.